Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 2250 of 2024, which is an appeal filed by ICICI Bank Ltd. against Udayraj Patwardhan (the Resolution Professional of Adel Landmarks Ltd.) and another respondent. The appeal relates to insolvency proceedings concerning Adel Landmarks Ltd. The hearing was conducted in hybrid mode with legal representatives present for all parties.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), adjourned the matter due to time constraints. The appeal has been listed for next hearing on 14 September 2026. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceeding